Sun.Mar 17, 2024

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Banks driving increase in global meat and dairy production, report finds

TheGuardian

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production Billion-dollar financing is driving unsustainable increases in global meat and dairy production, a report has found. Global meat production rose 9% between 2015 and 2021, the report said, while dairy production increased 13% in that time.

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Millions more in cash needed to fund UK’s open-banking watchdog

TheGuardian

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking , with regulators saying the new money is needed to prevent financial crime and protect consumers if things “go wrong”.